Describe the terminologies used in purchasing of services and goods?
A Client, users, sponsors, bidding, tender, contract, purchase order, line managers, buyer, vendor, supplier, manufacturer
Explain the three R's in contract management.
A Risk, relationships and rules
What are the factors influencing contracting strategies?
A Internal forces, external forces, project characteristics
Describe the division of contracts into three categories
Client risk contracts, contractor managed risk contracts, shared risk contracts
Discuss in detail the several contract expressions used at different stages of contract.
A Point of supply, scope of supply , duration of supply
Describe the terms - billing structure, late payment, and termination provision
Explanation of billing structure, late payment, and termination provision